Question: Please do not use excel to answer this problem. The wrong answer is given when excel is used. (Discounted payback period) Gio's Restaurants is considering

Please do not use excel to answer this problem. The wrong

Please do not use excel to answer this problem. The wrong answer is given when excel is used.

(Discounted payback period) Gio's Restaurants is considering a project with the following expected cash flows: Year Project Cash Flow (millions) S(180) 85 60 85 110 4 If the project's appropriate discount rate is 13 percent, what is the project's discounted payback period? The project's discounted payback period isyears. (Round to two decimal places.)

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